Prairie Mining starts legal action against Poland’s environment ministry

Adding 70 positions after slashing more than 100.

Drumond, the second-largest coal producer in Colombia, owns two mines and a port in the South American country.

The Vancouver-based firm also increased its cost reduction target to $300 million, up from the previous target of $250 million.

Up 5% on the markets

Bad news for the mining sector if so.

Peabody Energy added 170 positions to the list of lost coal jobs in Down Under.

Halt was triggered by the coal miner’s failure to publish its 2012 audited full-year results.

US central bank reconsidering 2003 determination allowing banks to move into mining, processing, transportation and warehousing of metals and minerals.

The company expects third quarter overall group demand to stabilize.